Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced that it has engaged Dundee Securities Ltd. to sell, on a reasonable commercial-efforts basis, up to $10 million in principal amount of convertible unsecured subordinated debentures at a price of $1,000 per debenture with an interest rate of 10% per year, payable semi-annually in arrears on the last day of June and December. The Company also announced the appointment of Ned Goodman to the board of directors.

As quoted in the press release:

Mr. Goodman is President and Chief Executive Officer of Dundee Corporation and President and Chief Executive Officer of Goodman Investment Counsel Inc. (GICI). He is a geologist, a Chartered Financial Analyst and a member of the Canadian Mining Hall of Fame and is widely recognized as one of Canada’s most prominent and successful mining sector financiers.

… Each $1,000 principal amount of the Debentures will be convertible at the option of the holder into 3,448.2759 units (each a “Unit”) of Woulfe, representing a conversion price of $0.29 per unit (the “Conversion Price”). Each Unit will comprise one common share and one-half of one share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to acquire one common share of the Company at a price of $0.29 per share for a period of 24 months following the closing of the Offering.

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American CuMo Mining Corporation (CuMoCo) (TSXV:MLY, OTCQX:MLYCF) is a resource exploration and development company focused on establishing itself as a low-cost, top-tier molybdenum producer. The Company is advancing its wholly-owned CuMo Project towards feasibility. The deposit, located near Boise, Idaho has the potential to become one of the world’s largest and lowest-cost primary molybdenum mines.

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The long-term outlook for Moly is positive and the worlds largest Moly producers are confident that the next few years will see a return to robust demand growth. The main growth markets for the metal are the BRIC countries, but demand from Western economies is expected to rise as well. The automotive and aerospace industries are seen as the main catalysts for new growth as manufacturers seek to reduce fuel consumption by creating lighter weight vehicles.

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